Credit Card Consolidation
Simplify your credit card debt with one smart loan
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In your bank account
Tired of tracking multiple credit card payments with sky-high interest? Consolidate your balances into a single loan with a lower rate and a clear payoff timeline.
It is free to check – It won't impact your credit score
Get Your Loan Directly
In your bank account
Which credit card debts can you consolidate?
HOW CARD CONSOLIDATION WORKS
Clear steps. Better outcomes.
Share your situation
Answer a few straightforward questions about your credit card balances and financial objectives.
Review matched options
We connect you with consolidation solutions carefully selected for your specific debt profile.
Consolidate and breathe easier
After approval, your new loan pays off your card balances—leaving you with a single, lower-rate monthly payment.
WHY LENDING BUDDIES?
A smarter approach to tackling credit card debt—transparent, secure, and supportive
Merge balances into one payment
Simplify your monthly obligations with a single, consistent payment—often at a rate significantly lower than your current credit card APRs.
Secure and completely online
Browse offers tailored to your profile without leaving home. Our platform uses encryption at every step, and rate checks won't affect your credit.
A partner in your debt-free journey
Lending Buddies helps people tackle credit card debt with clarity and confidence. No hidden fees, no pressure—just honest options.
Understand the savings of consolidation
| Loan Amount | $1,000 | $2,000 | $5,000 | $10,000 |
|---|---|---|---|---|
| Interest Rate (APR) | 24% | 19% | 13% | 8% |
| Loan Term | 12 Months | 24 Months | 48 Months | 60 Months |
| Other Fees/Costs (%) | 5% | 5% | 5% | 5% |
| Other Fees/Costs ($) | $50 | $100 | $250 | $500 |
| Monthly Payments | $99.29 | $105.86 | $140.84 | $212.90 |
| Number of Payments | 12 | 24 | 48 | 60 |
| Total Payments | $1,191.48 | $2,540.64 | $6,760.32 | $12,774.00 |
APR Ranges From 5.99% up to 35.99% For Qualified Customers · 91 Day Minimum up to 72 Month Maximum Repayment Period. Rates shown are for illustration only; your actual offer depends on the lender and your profile.
Credit card consolidation questions answered
Answers to help you make a confident decision. Still curious? Contact us.
Will checking my rate impact my credit?
What kinds of card debt can I consolidate?
Is approval possible with bad credit?
How fast can I receive funding?
Why Credit Card Debt Is Different—and Harder to Escape
Credit card debt is uniquely insidious because of how minimum payments work. If you owe $10,000 across several cards at an average APR of 22%, making only the minimum payment each month could take over 25 years to fully repay—and cost more than $13,000 in interest alone. The revolving nature of credit card debt means interest compounds on the balance every single month, regardless of whether you make new purchases.
Credit card consolidation breaks this cycle. By replacing your revolving balances with a fixed-rate installment loan, you transform an open-ended debt spiral into a defined, scheduled repayment. You know exactly when you'll be debt-free—and that endpoint changes everything psychologically and financially.
The True Cost of Carrying Credit Card Balances
| Balance | Avg APR | Min Payment Time to Pay Off | Total Interest (min payments) | Consolidation Loan Interest (36 mo @ 16%) |
|---|---|---|---|---|
| $3,000 | 22% | ~11 years | $3,890 | $846 |
| $6,000 | 24% | ~18 years | $9,240 | $1,692 |
| $10,000 | 26% | ~25 years | $16,500 | $2,820 |
Illustrative estimates only. Assumes minimum payment = 1% of balance + monthly interest. Actual rates vary.
Which Cards Should You Prioritize Consolidating?
Not all credit card debt is equal. When evaluating which balances to consolidate, prioritize these in order:
- 1. Highest APR cards first. The cards charging 25%+ are costing you the most money per dollar owed. Eliminating these balances with a lower-rate consolidation loan produces the greatest savings.
- 2. Cards near their credit limit. High utilization on individual cards harms your credit score. Paying them off through consolidation immediately improves your per-card utilization ratio.
- 3. Multiple small balances. Consolidating several small card balances reduces the number of monthly obligations and eliminates the risk of missing a due date on any single account.
After Consolidation: Keeping Your Cards Under Control
Consolidation solves today's problem—but the most common mistake borrowers make is treating their newly-paid-off cards as available credit and recharging them. This creates a "double debt" situation where you're repaying both the consolidation loan and new card balances simultaneously. The most successful consolidation outcomes come when borrowers either close their high-APR cards after consolidating or keep them at a zero balance. If you're concerned about discipline, consider keeping just one card with a low limit for emergencies.
Start simplifying your credit card payments
Fill out a quick form and explore ways to combine your balances into one affordable payment.